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Hyundai Steel’s Q2 margin rate improves
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Reportedly, South Korean Hyundai Steel’s sales margin rate got improved in the second quarter of this year, in spite of debt crisis in euro zone and low-priced steel product imports.
In the second quarter of this year, Hyundai Steel realized sales revenues of 3.8612 trillion won, rising by 8.8%; its operating profits were at 3.338 hundred billion won, soaring by 113.2% and its net profits were at 1.853 hundred billion, increasing by 17.7%, all compared to that in the same period of a year earlier.
In the given period of time, the firm’s sales margin rate was at 8.6%, much higher than 4.2% in the first quarter of this year.
News Date
8/6/2012 1:30:38 PM
reported by
Nann Cheng
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